P&A Accounting Alert: SEC Financial Reporting Bulletins

SEC Financial Reporting Bulletins

5 June 2012

This Accounting Alert aims to provide the latest issuances of the Securities and Exchange
Commission (SEC or the Commission) covering financial reporting requirements for all SEC
regulated and/or registered entities.

Overview
In April 2012, the SEC has issued series of financial reporting bulletin, i.e., Bulletin Nos. 006 to 012.
Financial Reporting Bulletins are issued by the Office of the General Accountant of the SEC to
assist corporations and their accountants and auditors in complying with financial reporting
requirements, and to ensure consistency of implementation of such requirements. These bulletins
may include (i) clarifications on issues pertaining to the implementation of Securities Regulation
Code Rule 68 (the Rule), as revised; (ii) responses to frequently-asked questions during the
submission of financial statements; (iii) views regarding accounting related disclosure practices; and,
(iv) such other information that is useful to attain consistency in the implementation of the financial
reporting rules and regulations of the Commission.